Tim Schroeder
"Second home" mortgages
My first property was a "second home" mortgage with 15% down. I've since refinanced that loan and bought additional properties with standard 20%-down "investment" mortgages. The question is, when (if ever) can I say, ...
Michael Sherwood
Rental Property Analysis Tool
I know we had someone explain how this tool is used but where do you get all the information to fill it out? I mean I am just getting started in doing my first deal how do I find realistic figures? Thanks in advance g...
Angie B.
Pre-screening Tenants Without Talking to Them
I used to waste so much time answering phonecalls and scheduling and reminding prospective tenants of their appointments, etc, etc- and kept thinking there has got to be better way!
This is what I'm current...
Kyle A.
Attn Accountants! 50/50 "Handshake Agreement" Tax Implications
My best friend and I have a 50/50 stake in a rental property. He has a family and kids and did not have the free time to invest in real estate so he asked me to invest with him knowing that I have the time and experti...
Chris Seveney
Getting back to normal
With jurisdictions being closed and many delaying court proceedings until July 1, once they do open up how long will it take to get rid of the backlog?Curious as to others opinion. In speaking with many of the attorne...
Jill E.
Rent Primary Residence from yourself?
Can I add my primary residence to my rental portfolio and rent to myself? Because of the new limitations on mortgage interest and state income tax, many can't fully utilize the deduction with a $10k cap. Can I rent ...
Patricia Saltzman
Tax implications to convert LTR to STR mid year?
We converted a LTR into a STR September 1, 2022.Of course i've waited to the last minute to complete my taxes and am struggling with this.I have completed my taxes for 20+ years using Turbotax - but this is a little c...
Account Closed
Bought out my ex-girlfriend - what's my new cost basis?
Years ago, I purchased my first primary residence with my (then) girlfriend. We each paid 50% of the down payment, each paid 50% of the mortgage and any improvements. We split everything equally. A few years later we ...
Justin Walters
Reputable Property Management - Toledo 43610
We are currently looking for a reputable property manager for an upstairs unit in our duplex. Yes, only the upstairs. The lower level tenants are long term and we have no issues renting from a distance. The upstair...
Asim G.
Writing a contract & statement of work for California addition
Hello,We are working on a remodel/addition of the home and that includes redoing the external look of the home and am getting bids on the home from GCs.
This is the first time I am doing this and am not sure how to ...